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intellibets.ai
5 Bankroll Management Tips
Managing your bankroll is one of the most important aspects of sports betting. Thankfully, it is also one of the simpler aspects to learn. By following the 5 tips below, you'll be well on your way to successful bankroll management -
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Your bets should typically stay between 1% and 5% of your bankroll.
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For the most part, you should look to keep your bets between 1% and 5% of your overall bankroll. This will prevent you from overextending yourself too much. This is not to say that you should never go above 5% though, as certain betting strategies may call for that extension on occasion.​
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Play within your bankroll. Don't overextend yourself.
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If your bankroll has reduced in size, reset your betting units to reflect that. Do not continue betting at your current unit rate, as that will accelerate your losses.​
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If your bankroll has increased in size, also look to reset your betting units to reflect that. If you are riding a winning streak, this can help accelerate your bankroll growth. Be sure to routinely check your bankroll however, and recalibrate if you start to cool off.
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Separate your personal and sports betting finances.
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You should treat sports betting as a business, and the money you use should be treated like business expenses.​
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Avoid spending your sports betting money on personal items, and vice versa. You shouldn't be relying on your sports betting money to pay personal bills - be smart about how much you can reasonably commit to your sports betting business.
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Avoid desperation bets to dig yourself out of a hole.
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Winning and losing streaks are a part of sports betting. Refrain from making desperation bets to try and dig yourself out of a hole quickly. More often than not, this will only accelerate the depletion of your bankroll. Continue betting your normal units.​
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Track your bet results, regardless of which betting strategy you employ.
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Tracking your bet results is crucial, as they will offer you the knowledge you need to assess your performance - knowledge is power. Are there some sports that you excel at and others that drain your money account? Do your outcomes and levels of confidence match up? Are spread, moneyline, or over/under wagers more your style? Following your findings will make it simple to obtain all of this information.
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